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Isle of Man signs comprehensive double taxation agreement with Estonia 8 May 2009 The Isle of Man today signs a comprehensive double taxation agreement (DTA) with Estonia. A DTA is the benchmark agreement between countries to remove double taxation obstacles to the development of economic relations, and so facilitates the exchange of goods and services and movements of capital, technology and people. The signing ceremony takes place today (8 May 2009) in Tallinn between Allan Bell MHK, the Isle of Man’s Treasury Minister, and Urmas Paet, Minister of Foreign Affairs of the Republic of Estonia. The agreement between the two governments is based on the model published by the Organisation for Economic Co-operation and Development (OECD). In addition to this agreement signalling that the Isle of Man and Estonia wish to develop their bilateral economic relations, the DTA will also act to prevent tax evasion, and delivers the OECD’s agreed international standard on tax transparency and exchange of information. Minister Bell said: ‘The Isle of Man is a small, self-reliant nation characterised by an independent spirit, enterprise and innovation. Each of these factors has contributed to the evolution of our thriving, diverse economy and our success as a centre for quality international business. These factors are also characteristic of Estonia, and I look forward to this agreement becoming the cornerstone of a friendship between our countries based on vibrant economic ties.' The text of the agreement can be viewed on the International Agreements page of the Isle of Man Treasury Income Tax Division’s website. More stories >>>
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